1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.
Taxability of earnings:
|CCIL T Bill Liquidity Weight||1.54||0.03||0.04||0.20||0.62||1.10||2.20||--||--||--||--|
|Debt: Ultra Short Duration||2.97||-0.01||0.08||0.35||1.12||2.16||4.20||--||--||--||--|
|Rank within category||3||2||8||2||3||5||4||--||--||--||--|
|Number of funds in category||27||28||28||28||28||27||26||19||14||14||0|
As on 24-Sep-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|YES Ultra Short Term Fund - Direct Plan||Jun-19||4.60||--||--||0.30||1|
|Aditya Birla Sun Life Savings Fund - Direct Plan | Invest Online||Jan-13||4.58||7.13||7.21||0.34||18,973|
|HDFC Ultra Short Term Fund - Direct Plan | Invest Online||Sep-18||4.27||--||--||0.34||17,843|
|Kotak Savings Fund - Direct Plan | Invest Online||Jan-13||3.96||6.58||6.83||0.33||14,237|
|SBI Magnum Ultra Short Duration Fund - Direct Plan | Invest Online||Jan-13||3.81||6.42||6.68||0.31||12,277|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||0.84||09-Sep-2021 - 17-Sep-2021||0.01||27-Mar-2020 - 03-Apr-2020|
|Month||1.02||13-Aug-2021 - 14-Sep-2021||0.17||24-Mar-2020 - 23-Apr-2020|
|Quarter||1.89||13-Jun-2019 - 12-Sep-2019||0.56||21-May-2020 - 20-Aug-2020|
|Year||5.60||10-Jun-2019 - 09-Jun-2020||3.77||07-Sep-2020 - 07-Sep-2021|
|CCIL T Bill Liquidity Weight*||3.37||0.39||-1.71||-4.34||--||--|
|Debt: Ultra Short Duration*||5.68||1.60||2.07||4.38||1.13||2.39|
|Rank within category||--||--||--||--||--||--|
|Number of funds in category||--||--||--||--||--||--|
The Risk Measures have been calculated using calendar month returns for the last three years.
* As on 31-Aug-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||--||1||1||43|
|Modified Duration (yrs)||--||0.41||0.00||0.39|
|Average Maturity (yrs)||0.00||0.42||0.00||0.41|
|Yield to Maturity (%)||3.05||3.41||2.76||4.00|
|Avg Credit Rating||Cash||--||--||--|
|The underlying data is unavailable.|
As on 31-Aug-2021
Education: Mr.Piyush Baranwal is a B. Tech. in Electronics and communication from Manipal Institute of Technology,Manipal.He completed PGDBM in Finance from S.P.Jain Institute of Management and Reserch and CFA.
Experience: Prior to joining YES Mutual Fund he has worked with BOI AXA, Morgan Stanley Investment Management (Jan, 2011-June, 2014) and Principal Pnb AMC as a Dealer- Fixed Income (May, 2008-Jan, 2011).
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The scheme seeks to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments.
|Minimum Investment (₹)||2,000|
|Minimum Addl Investment (₹)||2,000|
|Minimum SIP Investment (₹)||2,000|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||1|
|Lock-in Period||Not Applicable|
|Fund House:||YES Mutual Fund|
|Return Since Launch:||5.04%|
|Benchmark:||CRISIL Ultra Short Term Debt Index|
|Assets:||₹ 1 Cr (As on 31-Aug-2021)|
|Expense:||0.30% (As on 31-Aug-2021)|
|Return Grade:||Below Average|
|Plan||Record Date||Dividend (₹ / Unit)|
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Email: [email protected]